During the Tuesday night meeting, parents asked various questions and one teacher walked out because she said she was denied the opportunity to teach.

One parent, Rebecca Fong, told KCRA 3 that school administrators had announced in a meeting that the charter school was facing more than $2 million in debt from building out its facilities in Rocklin and Auburn.

"Independent study," or home schooling, is set to begin Wednesday.

That left students such as Kimberley Ross feeling "very depressed."

Ross, a sophomore at the school's Rocklin campus, told KCRA 3, "I mean, we are heartbroken."

"It's freaking me out," said Regina Frank, a junior. "I love everyone here. These girls are my life. You know what I mean. It's just heartbreaking. It really is."

The news is also aggravating for some parents, who said home-schooling is not an option.

"We, as a parent body, seriously reject that as a viable solution," Heather Penny said.

Parents told KCRA 3 that they are getting conflicting answers from school administrators about why the school is closing.

A statement from Placer County suggests the school's business permit allows only 75 students to be at the school at one time; nearly 400 are enrolled.

The school was told to resolve the resulting traffic issue.

Horizon Charter School was not told it had to close right away.

At the meeting, the CEO told parents that based on recent traffic incidents, he decided to close the school's on-site location, effective immediately.

"I would much rather be here, as difficult as this is, than standing at the funeral of one of your children," Heimbichner said.

He denied parent accusations that he was evasive throughout the process.

"That's a perception issue," Heimbichner said.

A long-term plan for the students was not discussed at the meeting.

"He's a manipulative man," parent Shauna Borchers said. "I don't think he speaks the truth. I don't think he cares about the children."